How Social Inflation Is Impacting the Architects, Engineers Market February 20, 2023 By Larry Moonan Social inflation has been a hot topic across the insurance industry over the last few years as claims frequency and...
Allstate’s Plan to Return to Profit in Auto February 20, 2023 By Chad Hemenway Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s...
New York Gov. Hochul Vetoes Wrongful Death Damages Bill February 20, 2023 New York Gov. Kathy Hochul vetoed a measure that would have expanded wrongful death benefits after her late bid for...
Root Sues Former CMO Over at Least $9.4M in Unauthorized Payments February 20, 2023 By Chad Hemenway Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments...
Home Heating Oil Leak Is Covered Due to Pollution Ambiguity, Rhode Island Court Rules February 20, 2023 The Rhode Island Supreme Court for the first time has found the definition of pollution in a commercial policy ambiguous...
Agency Salary Survey: Employee Pay Spikes As Agency Talent Pool Shrinks February 20, 2023 By Andrea Wells On the heels of the lowest U.S. unemployment rate in 53 years, insurance agency employees across the nation reported the...
When Mother Nature Strikes; Working Together to Mitigate Natural Catastrophe Risk: AM Best Webinar February 20, 2023 By Jahna Jacobson Climate change is contributing to increasingly intense natural catastrophes that leave larger and larger losses in their wake. What steps...
Insurance Advertising and Regulators February 20, 2023 By Bill Wilson Anyone who has read this column for the past four years, or earlier articles of mine, knows that I am...
‘A Tale of Two Halves’ for Insurance Mergers, Acquisitions in 2022 February 20, 2023 Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points February 20, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...